Boost your money know-how during Financial Literacy Month

April 8, 2021  //  FOUND IN: Updates & Resources
April is Financial Literacy Month

Personal finances continue to be a leading cause of stress for many. A recent study found that nearly 9 in 10 Americans feel anxious about money due to the pandemic.

April is National Financial Literacy Month, which encourages individuals to boost their financial know-how when it comes to paying bills, managing debt and saving money. Understanding how to handle money matters helps to relieve financial stress and increases your ability to make good financial decisions for you and your family.

Financial well-being is important to overall wellness

Financial stress occurs when there’s uncertainty around finances, a sense of worry about the future, or a lack of security. Like most types of stress, this can impact your sleep, physical and emotional health, relationships, performance at work and family life.

Resources and support are available

The MHealthy website includes information, programs, and university and national resources to help support your financial well-being. Learn about:

  • The basics of financial literacy
  • Managing your money
  • Managing your debt
  • Understanding and improving your credit score
  • Setting financial goals

The new MHealthy Portal, powered by Asset Health, also includes a number of programs and resources to support you and your family’s financial well-being.

TIAA and Fidelity Investments, U-M’s partners in its Basic Retirement Plan, are also offering a number of free webinars this month focused on saving for retirement, claiming social security, investment alternatives, and more.

If you have an immediate need

Services and programs are available to help you navigate a financial crisis:

Learn more and find more financial well-being resources.